Actual Portfolio Composition
as of (09/30/2012)

Name Value
STERLING CAPITAL SELECT EQUITY FUND, INSTITUTIONAL CLASS 22.05%
STERLING CAPITAL SPECIAL OPPORTUNITIES FUND, INSTITUTIONAL CLASS 11.92%
ISHARES MSCI EAFE INDEX FUND 10.04%
ISHARES MSCI EMERGING MARKETS INDEX FUND 8.42%
STERLING CAPITAL MID VALUE FUND, INSTITUTIONAL CLASS 7.73%
ISHARES RUSSELL MIDCAP GROWTH INDEX FUND 7.65%
STERLING CAPITAL EQUITY INCOME FUND, INSTITUTIONAL CLASS 5.43%
ISHARES DOW JONES US REAL ESTATE INDEX FUND 4.43%
CREDIT SUISSE COMMODITY RETURN STRATEGY FUND 4.41%
HARDING, LOEVNER INTERNATIONAL EQUITY PORTFOLIO 3.44%
ISHARES MSCI EAFE VALUE INDEX FUND 3.36%
ISHARES MSCI EAFE SMALL CAP INDEX FUND 3.11%
ISHARES RUSSELL 2000 INDEX FUND 2.97%
STERLING CAPITAL SMALL VALUE FUND, INSTITUTIONAL CLASS 1.94%
STERLING CAPITAL U.S. TREASURY MONEY MARKET FUND, INSTITUTIONAL CLASS 1.48%
LAZARD EMERGING MARKETS EQUITY PORTFOLIO 0.81%
OPPENHEIMER DEVELOPING MARKETS FUND 0.81%

Current and future portfolio holdings are subject to change and risk.